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The chase for Sanjeev Gupta’s riches is on, and it’s come to Sydney

The Australian Financial Review (AFR) •
October 30, 2026 • 06:00 PM
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The one-time billionaire and so-called saviour of steel has left creditors owed about $6 billion. Now he faces losing his personal fortune, mansions and all.

The chase for Sanjeev Gupta’s riches is on, and it’s come to Sydney

The chase for Sanjeev Gupta’s millions has finally begun.

The one-time billionaire and so-called saviour of steel has left creditors in Australia, the United Kingdom, the United States, Singapore and across Europe owed about $6 billion. But no one has yet sought to go after his assets by asking a court to find him personally liable for his conduct.

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